Casinos & Hotels

5 Red-Hot Gaming Stocks to Buy Now With the NFL Betting Season Right Around the Corner

Gambling.com

This company went public recently and offers aggressive investors an avenue to get some solid share-count leverage. Gambling.com Group Ltd. (NASDAQ: GAMB) is a multi-award-winning performance marketing company and a leading provider of digital marketing services active exclusively in the online gambling industry, based on December 31, 2020, and March 31, 2021, revenue.

The company has more than 140 employees and operates from offices in Ireland, the United States and Malta. Through its proprietary technology platform, the company publishes a portfolio of premier branded websites, including Gambling.com and Bookies.com. Founded in 2006, the company owns and operates more than 30 websites in six languages across 13 national markets covering all aspects of the online gambling industry, which includes online gaming and sports betting.

Stifel started coverage this week with a $12 price target. No consensus was available due to the recent initial public offering. Shares have traded between $6.56 and $8.89 so far, and Thursday’s closing share price was $6.82.

Penn National

This is an analysts’ favorite for online gaming and its shares have been crushed from earlier 2021 highs. Penn National Gaming Inc. (NASDAQ: PENN) owns and manages gaming and racing properties, and it operates video gaming terminals with a focus on slot machine entertainment. It also offers live sports betting at its properties in Indiana, Iowa, Mississippi, Nevada, Pennsylvania and West Virginia, and it operates an online casino under the name of iCasino in Pennsylvania.

Last year, Penn National bought a 36% stake in Barstool Sports valued at $450 million, along with options to increase its stake to 50% in the future. Barstool is a sports media empire that claims 66 million monthly active users, roughly 100 million social media followers and two of the top 30 podcasts in the country.

With huge growth potential, and a big drop in the share price, this is an incredible play for aggressive growth investors.

The $124 Goldman Sachs target price is well above the $101.33 consensus figure. Penn National Gaming stock closed at $65.08 on Tuesday.


With 32 states now having legalized sports gambling, the massive potential for the total addressable market is more than enough reason for investors with a solid risk appetite to add one or all these stocks to portfolios. The NFL and college football seasons will be huge for all these companies, and more aggressive growth stock investors should consider positions.

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